MONTENEGRO

MONTENEGRIN STRUCTURE

Choose the type of company you are changing board member in

Pursuant to the Montenegrin Company Law, a Limited Liability Company must have one of the following organisational structures:

A Managing Director (in Montenegrin: “izvršni direktor”) only.

A Managing Director and a Board of Directors (in Montenegrin: “odbor direktora”).

Please see, respectively, “Managing Director” and “Board of Directors” below for a more in-depth description of each board type, including how to change the respective board members.

For a description of how to change the respective board members, please see the individual steps below. As all information on how to change board members in
Montenegro on the LCB Site by nature is generic (i.e. does not include specific requirements for listed companies, special requirements in statutory documents
or as otherwise stipulated in any type of special law), we strongly recommend seeking legal advice
before actually changing any board members in Montenegro.

Which board type are you looking for?

What would you like to do?

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CONTACT DETAILS:

Karanovic & Partners in cooperation with local lawyers has provided all input about changing board members in Montenegro.

Karanovic & Partners is a regional legal practice in Southeast Europe with a tradition spanning two decades and cooperating offices in Serbia, Croatia, Slovenia, Montenegro, North Macedonia and Bosnia and Herzegovina. With more than 100 attorneys at law cooperating across the region, we provide integrated services focusing on effectiveness and practicalities in providing solutions to the clients.

For more information about Karanovic & Partners and changing board members in Montenegro, please contact our Partner directly.